eXcentral Forex Broker

Note: eXcentral's official website: https://eu.excentral.com is currently inaccessible normally.eXcentral Review SummaryFounded2014Registered Country/RegionSouth AfricaRegulationFSCA (License Number 48296, Clone Warning), CySEC (Mount Nico Corp Ltd, License Number 226/14)Market InstrumentsForex, Commodities, Crypto, CFDs, Stocks, IndicesDemo Account✅LeverageUp to 1:400SpreadStarting from 0.9 pips (VIP Account)Trading PlatformMetaTrader 4, eXcentral Web Platform, Android AppMin Deposit$250Customer SupportEmail: inquiries@excentral-int.comPhone: Available upon requestAddress: Unit 6C3, 159 Rivonia Rd, Sinosteel Plaza, Morningside, Gauteng, South AfricaeXcentral Information eXcentral provides commodities, Forex, and CFDs among other trading instruments. It gives traders access to MetaTrader 4 as well as its own web platform. Though CySEC controls it, there is a clone warning about FSCA control.Pros and ConsPros Cons Proprietary platform and MT4 availableClone license warning from FSCAEducational tools and webinarsHigh minimum deposit requirementIs eXcentral Legit ? Under license number 226/14 the Cyprus Securities and Exchange Commission (CySEC) controls eXcentral. Mount Nico Corp. is the licenced institution. However, there is also a dubious clone notice connected to a different license from the Financial Sector Conduct Authority (FSCA) in South Africa. The entity OM Bridge (PTY) Ltd claims control but is under suspicion as a clone.Regulatory StatusSuspicious cloneRegulated byFSCALicensed InstitutionOM Bridge (PTY) LtdLicensed TypeFinancial Service CorporateLicensed Number48296 Registered on March 4, 2014, the domain excentral.com is still valid with a March 4, 2025 expiration date.What Can I Trade on eXcentral eXcentral offers over 160 CFDs, including Forex (47 pairs), Commodities, Stocks, Indices, and Cryptos.Tradable Instruments Supported Forex✔Commodities✔Crypto✔CFD✔Indexes✔Stock✔ETF❌Account Types Each of the four active account types available from eXcentral—Classic, Silver, Gold, and VIP—fits for different trading levels. Additionally accessible for practice is a demo account. The accounts vary in services, including access to account managers, as well as in spread.Leverage eXcentral provides leverage up to 1:400, which, particularly for new traders, greatly increases risk even when it can boost possible earnings.eXcentral Fees With spreads starting at 0.9 pips for VIP accounts and 2.5 pips for lower-tier accounts, eXcentral's fees are somewhat expensive relative to the industry average. The withdrawal cost is $10; depending on the length of inactivity on the account, inactivity fines run from $80 to $200.Non-Trading FeesDeposit FeeNot mentionedWithdrawal Fee$10Inactivity Fee$80 - $200Trading PlatformTrading PlatformSupported Available Devices Suitable forMetaTrader 4✔Web, Mobile, DesktopAll traderseXcentral Web Platform✔WebAll tradersAndroid App✔Mobile (Android)Traders on the goDeposit and Withdrawal eXcentral charges a $10 withdrawal fee, and the minimum deposit is $250. Deposit OptionsDeposit Options Min. DepositFees Processing Time Credit/Debit Cards$250Not mentionedNot mentionedBank Wire Transfer$250Not mentionedNot mentionedSkrill$250Not mentionedNot mentioned Withdrawal Options Withdrawal Options Min. Withdrawal Fees Processing Time Credit/Debit CardsNot mentioned$10Not mentionedBank Wire TransferNot mentioned$10Not mentioned